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Sony Hires Blackstone to Aid
In Search of the 'Digital Dream'

By

Eben Shapiro Staff Reporter of The Wall Street Journal

Updated Nov. 21, 1997 12:01 a.m. ET

Sony Corp., fearful of being left behind in the fast-changing entertainment and consumer-electronics businesses, said it is examining "numerous opportunities created by the digital revolution," signaling that the Japanese consumer-electronics giant may be eyeing new acquisitions in the converging media and technology businesses.

Sony announced that it retained investment-banking concern Blackstone Group to help in its review. "Sony President Nobuyuki Idei has coined the phrase 'Digital Dream Kids' to reflect...